Enterprise capital (VC) funds invested greater than $659 million in crypto startups final month, a rise of three% in comparison with August, in response to knowledge from DefiLlama.

The blockchain gaming sector grew for the second month in a row, with VC funds pouring $63 million into blockchain titles, posting 32% month-to-month progress.

Nearly half of the funds raised by blockchain gaming startups went in the direction of steadiness video games. The undertaking obtained $30 million from corporations like Animoca, a16z, Aptos Labs, and DWF Labs to mix blockchain and synthetic intelligence to create a extra pleasing person expertise.

infrastructure

Tasks constructing blockchain infrastructure obtained $457 million in September, accounting for 71.5% of the funds obtained by your entire cryptocurrency ecosystem throughout the identical interval. That is nearly the identical quantity the division caught in August.

Celestia (TIA) has raised $100 million in a “strategic” funding spherical, the biggest of any infrastructure startup. The spherical was led by Bain Capital Crypto, with participation from 1kx, Robotic Ventures, Syncracy Capital, and Placeholder.

Moreover, Huma Finance raised $38 million to develop a blockchain-based fee community in a spherical that included participation from Fenbushi Capital, HashKey Capital, and ParaFi Capital.

Lower in DeFi funds

Regardless of regular funding associated to blockchain infrastructure, startups within the DeFi ecosystem obtained $58 million final month, down 55% from August.

Drift led the biggest DeFi funding spherical, securing $25 million in a Collection B spherical led by Multicoin Capital. The second largest funding spherical by a DeFi startup was led by Puffpaw, a “vape and earn” software developed on Berachain.

Web3 adoption accelerated final month, with $59 million invested in startups constructing blockchain-based variations of conventional companies.

Tune.fm, a decentralized music streaming platform much like Spotify, raised $50 million from International Rising Markets Group throughout the month.

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